USD/JPY Live News

This page provides live coverage and news analysis on the USD/JPY currency pair

Advertiser Disclaimer

Top8forexbrokers would like to remind you that the data contained in this website is not necessarily real-time nor accurate.Prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Top8forexbrokers does not bear any responsibility for any trading losses you might incur as a result of using this data.
Top8forexbrokers or anyone involved with Top8forexbrokers will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Home

Live News

USD/JPY

Jan. 31, 2023

Dollar/Yen trades at 130.37 ahead of United States Consumer Confidence today at 15:00 UTC

Live - Updated 48 minutes ago.

After closing at 130.36 yesterday, Dollar/Yen began today at 130.35 with significant bullish sentiment driving Dollar/Yen's price action higher. So far today, price action has drawn out a distinct 130.03 to 130.53 range.

United States Consumer Confidence data will be released today at 15:00 UTC, with an expected improvement to 109 (previous figure was 108.3).
Today's session seems to be pointing upwards and is building on Dollar/Yen's 5 days of gains (+77 pips).

Earlier data releases related to Dollar/Yen – data for Japan Industrial Production released yesterday at 23:50 UTC is better than expected with -0.1%, but worse than previous figure of 0.2%. Japan Retail Sales came out at 3.8%, better than analyst estimates of 3% and improving upon the previous reading of 2.5%.

Technical analysis of Dollar/Yen before macro data is released:

USD/JPY could be slowing down soon as it approaches resistance at 130.57. Of course, crossing it might suggest further gains are ahead. Although up today, early price action saw Dollar/Yen dropping below its 21 day Simple Moving Average at 130.09 — an early indicator that a new downward trend could be emerging.

Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates Dollar/Yen is set for a reversal in the coming days.

Coming up for Dollar/Yen — Japan 10-Year JGB Auction scheduled to come out tomorrow at 03:35 UTC. United States Crude Oil Inventories expected to decline to -1,000,000 while its preceding data was 533,000, data will be available tomorrow at 15:30 UTC.

As the markets get ready for more data to be released — AUD/USD closed at 0.7004 (down 0.81%). Having closed the previous session at 1.537, EUR/AUD is up 0.66% today to currently trade at around 1.5471. USD/CAD is up 0.45%.

As things stand, Dollar/Yen is 13.15% away from a significant high of 150.1, first set 3 months ago.

trade on the USD/JPY

Week to date

Dollar/Yen is trading around 130.37 after ending the previous session at zero (up 0%) .

Trading week at a glance - USD/JPY is up to 130.37, after closing yesterday at zero. Overall, a 0% move or 13,036 pips this week. (Start trading Dollar/Yen at FXTM today).

Nevertheless, United States Pending Home Sales beat analyst expectations of -0.9% and the previous reading of -2.6% with new data of 2.5%.

At the same time, Japan Industrial Production released yesterday at 23:50 UTC is better than expected at -0.1% but down from preceding data of 0.2% according to new data. Japan Retail Sales came out at 3.8%, better than analyst estimates of 3% and improving upon the previous reading of 2.5%. Japan Jobs/applications ratio (Dec) released yesterday at 23:30 UTC with a figure of 1.35, while the previous figure was 1.35. Japan CFTC JPY speculative net positions released Friday with a figure of -21,600, while the previous figure was -23,000.

The market is looking forward to the release of new data: Japan Household Spending (YoY) (Dec) will be released Monday. Japan Household Spending (MoM) (Dec) scheduled to come out Monday. Japan Services PMI is expected Friday.

Previous
Weekly Analysis